PPF Calculator

PPF stands for Public Provident Fund

Any Citizen of India can open PPF account. The interest rates on PPF account is decided by the government of India in each quarter. Currently PPF interest rate is 7.1 %.  By the view of Tax PPF investments comes under "EEE" criteria. That makes is best tax free investment.

In PPF interest is compounded annually. Means unlike fixed deposit scheme in which interest is compounded quarterly in Public Provident Fund you get annually (Once a year) compounded interest only. 

Want to know how much about PPF amount of interests earned over the period or how your investment grows over the years, final maturity amount etc. Here is a online PPF calculator (सार्वजनिक भविष्य निधि कैलकुलेटर) to Calculate the respective amount with variable time and interest rates. PPF is a scheme used for Long term investment and tax saving No tax is applicable on the amount invested under PPF and on interest earn.

What is Public Provident Fund (PPF) ?

PPF or Public Provident Fund is a Government of India long term small savings cum tax saving scheme. The PPF account provides fixed returns to investors at rates that are decided by the Indian Govt. in Each Financial Quarter and features a maturity of 15+ years. India’s PPF scheme was launched in 1968 with the aim of promote small savings from every Indian to help secure the financial future.

सार्वजनिक भविष्य निधि (पीपीएफ) भारत में सरकार द्वारा समर्थित एक लोकप्रिय दीर्घकालिक बचत योजना है। इसे 1968 में वित्त मंत्रालय के राष्ट्रीय बचत संस्थान द्वारा व्यक्तियों के बीच बचत को बढ़ावा देने और दीर्घकालिक वित्तीय योजना की आदत को प्रोत्साहित करने के लिए पेश किया गया था। अपनी आकर्षक ब्याज दरों, कर लाभ और सरकारी समर्थन के आश्वासन के कारण पीपीएफ कई भारतीयों के लिए एक पसंदीदा निवेश विकल्प है। यह सुरक्षित, दीर्घकालिक बचत के रास्ते तलाश रहे रूढ़िवादी निवेशकों के बीच विशेष रूप से लोकप्रिय है।

PPF is EEE ?

PPF investments are tax free by three way. Investment is Tax Free, Interest Earned on PPF is Tax Free and finally when your PPF account is mature you can take your saving also tax free. EEE Means Exempted, Exempted and Exempted.

Can I take Loan against PPF ?

The option of loan against PPF is available from the 3rd year calculated from the account opening date till the end of the 6th year of the PPF account. The amount that can be availed as a loan is linked to the total value of PPF deposits plus any accrued interest.

The amount that be availed as loan against PPF as calculated by the PPF return calculator is equal to 25% of the PPF balance in the account for the year preceding the year of PPF loan application. For example, if you apply for a PPF account in March 2022, the qualifying amount will be calculated based on the closing balance in March 2021.

PPF Advantage

• Current interest rate : 7.1 % (For April 2024 to June 2024) -  Revised in Each Quarter.
• Duration of scheme : 15 years (After completion of 15 years, you can extend in 5-5 years of block, any number of times)
• Minimum deposit amount (per year) :  500
• Maximum deposit amount (per year) :  1,50,000 (As per limit defined in section 80C)
• Number of installments every year : 1 (Min) to 12 (Max)
• Number of accounts one can open : Only One
• Lock-in period : 15 years (partial withdrawals can be made from the sixth year)
• Extension of PPF Account : After the maturity period (15 years), it can be extended for a period of 5 years multiple times.
• Tax savings (investment) : under section 80C (Upto 1.5 Lac as on 31 march 2019 and onwards)
• Tax savings (interest earned and final amount) : fully exempted from wealth tax

PPF Interest Rate History

PPF interest rates are reviewed and revised in each quarter by India Govt.  PPF Interest History -You can check previous Year's PPF Interest rates.

See Also:

1. Age Calculator

2. Interest Calculator

3. Recurring Deposit (RD) Calculator

4. BMI Calculator

5. Fixed Deposit (FD) Calculator

6. EMI Calculator